This article takes a deep dive on the world of rideshare and food delivery. For a long time all of these businesses – Uber, Lyft, Doordash, Deliveroo etc. – were very popular, fast growing businesses. Which was perfect when times were good and investors were willing to fund fast-growing, money-losing businesses.
But then, come 2022 and rising interest rates, many of these businesses fell out of favour.
In the past two years, all of these businesses have been focused on reaching profitability. And some have had more success than others, which has been reflected in their share market performance.
This article takes a look at these key players and how they’re travelling. Our biggest takeaway is simple: Uber is dominating. As one of the only platforms generating positive free cash flow, the way the business has been able to turn itself from a money-losing business is pretty impressive.
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